DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Meritage Capital

Former SEC-registered adviserAustin, TexasCRD 129257SEC 801-65011IAPD
Legal name Meritage Capital, LLC
Latest filing Mar 30, 2021
First filing on the tape Nov 22, 2011 · 41 filings
RAUM
$1.1B
reported, Item 5.F
Discretionary
9.4%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
$115M gross assets
History
41 filings and snapshots on the tape
RAUM$1.1B as of Mar 30, 2021
Mar 28, 2012$195M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 30, 2021
Mar 28, 20120 then
Employees (5.A)4 as of Mar 30, 2021
Mar 28, 201314 then
Private funds7 as of Mar 30, 2021
Mar 28, 20127 then
RAUM +0.7% over the last fiscal year+1.4% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2021; every figure names its basis
RAUM per advisor
$568MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$94.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
9.4%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.7%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Custody
$104M, 7 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$1.0B90%
  • Pooled investment vehicles$104M9.2%
  • Investment companies$3.3M0.3%
  • Charitable organizations$1.2M0.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$104M for 7 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    17 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Centennial Equity Opportunities Fund, LPno longer reportedHedge Fund$45.0M70Mar 27, 2012
    Kanaly Diversified Fund, LPno longer reportedHedge Fund$23.4M47Sep 24, 2014
    Kanaly Hedged Equity Fund LPno longer reportedHedge Fund$21.9M52Sep 24, 2014
    Insignia Reserve Fund, L.P.no longer reportedHedge Fund$18.1M14Mar 28, 2012
    Centennial Global Macro Fund, LPHedge Fund$11.1M8Mar 31, 2015
    Centennial Global Macro Fund, Spno longer reportedHedge Fund$10.1M21Mar 31, 2015
    Redwood Growth Partners, LPno longer reportedHedge Fund$7.8M9Mar 27, 2012
    Centennial Absolute Return Fund, SpHedge Fund$7.2M17Mar 27, 2012
    Insignia Vintage Fund L.P.Hedge Fund$6.1M10Mar 28, 2012
    Insignia Vintage Offshore Fund, L.P.no longer reportedHedge Fund$4.0M3Mar 28, 2012
    Oakwood Partners Fund, LLCno longer reportedHedge Fund$3.4M71Mar 27, 2012
    Centennial Global Macro Fund, Spno longer reportedHedge Fund$2.8M11Mar 29, 2019
    Insignia Legacy Offshore Fund, L.P.no longer reportedHedge Fund$1.4M11Mar 28, 2012
    Redwood Growth Partners Master, Ltd.no longer reportedHedge Fund$487,1872Mar 27, 2012
    Insignia Insurance Dedicated Fund, L.P.no longer reportedHedge Fund$285,3993Mar 28, 2012
    Oakwood Partners Ltd.no longer reportedHedge Fund$267,52415Mar 27, 2012
    Redwood Growth Partners, Ltd.no longer reportedHedge Fund$207,4183Mar 27, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Michael David Churchill · Chief Operating Officercontrol
      since 05/2018 · owns less than 5%
    • David Michael Hankin · President & Ceocontrol
      since 05/2018 · owns less than 5%
    • David Brett Rogers · General Counsel & Chief Compliance Officercontrol
      since 10/2019 · owns less than 5%
    Entity owners
    • Brown Advisory Management, LLC · Holding Company And Managing Member
      direct · owns 75% or more
    • Brown Advisory Group Holdings LLC · Holding Company
      indirect · owns 25% to 50% of Brown Advisory Management, LLC
    • Brown Advisory Incorporated · Unit Holder And Managing Member
      indirect · owns F of Brown Advisory Management, LLC
    Related persons
    Schedule D 7.A
    • Blueprint Local Investments, LLC
      investment adviserpooled vehicle sponsorn
    • Brown Advisory Investment Solutions Group LLC
      investment adviserbankpooled vehicle sponsornRAUM $9.8B
    • Brown Advisory
      investment adviserpooled vehicle sponsornRAUM $124B
    • Brown Advisory Ltd.
      investment advisernRAUM $27B
    • Brown Advisory Securities, LLC
      broker-dealerinvestment advisernRAUM $392M
    • Brown Advisory Trust Company Of Delaware, LLC
      n
    • Brown Investment Advisory & Trust Company
      n
    • Brown Savano Jv, LLC
      investment advisern
    • Meritage Capital, Gp LLC
      pooled vehicle sponsory
    • Nextgen Opportunity Fund Gp, LLC
      investment adviserpooled vehicle sponsorn
    • Nextgen Venture Partners, LLC
      investment adviserpooled vehicle sponsorn
    • Nextgen Ventures Fund I Gp, LLC
      investment adviserpooled vehicle sponsorn
    • Nextgen Ventures Fund II Gp, LLC
      investment adviserpooled vehicle sponsorn
    • Brown Advisory
      investment adviserbankpooled vehicle sponsornRAUM $7.6B
    Advisers that list Meritage Capital as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 4 to 3
      Oct 16, 2020 to Mar 30, 2021
    • Assets in custody · $236M to $104M
      Oct 16, 2020 to Mar 30, 2021
    • Employees · 6 to 4
      Oct 16, 2020 to Mar 30, 2021
    • Discretionary RAUM · $211M to $107M
      Oct 16, 2020 to Mar 30, 2021
    • Non-discretionary RAUM · $918M to $1.0B
      Oct 16, 2020 to Mar 30, 2021
    • Pooled vehicle RAUM · $207M to $104M
      Oct 16, 2020 to Mar 30, 2021
    • RAUM · $1.1B to $1.1B
      Oct 16, 2020 to Mar 30, 2021
    • Accounts · 19 to 12
      Nov 19, 2019 to Mar 30, 2020
    • Pooled vehicle clients · 13 to 7
      Nov 19, 2019 to Mar 30, 2020
    • Employees · 7 to 6
      Nov 19, 2019 to Mar 30, 2020
    • State-registered IARs · 0 to 2
      Nov 19, 2019 to Mar 30, 2020
    • Private funds · 12 to 7
      Nov 19, 2019 to Mar 30, 2020
    • Discretionary RAUM · $236M to $211M
      Nov 19, 2019 to Mar 30, 2020
    • Non-discretionary RAUM · $751M to $918M
      Nov 19, 2019 to Mar 30, 2020
    • Pooled vehicle RAUM · $220M to $207M
      Nov 19, 2019 to Mar 30, 2020
    • RAUM · $987M to $1.1B
      Nov 19, 2019 to Mar 30, 2020
    • Business name · MERITAGE CAPITAL, LLC to MERITAGE CAPITAL
      Oct 17, 2019 to Nov 19, 2019
    • Accounts · 18 to 19
      Dec 19, 2018 to Mar 29, 2019
    • Charity clients · 2.0 to unset
      Dec 19, 2018 to Mar 29, 2019
    • Corporate clients · 3.0 to unset
      Dec 19, 2018 to Mar 29, 2019
    • Assets in custody · $278M to $2.4B
      Dec 19, 2018 to Mar 29, 2019
    • Custody of client assets · false to true
      Dec 19, 2018 to Mar 29, 2019
    • Employees · 8 to 7
      Dec 19, 2018 to Mar 29, 2019
    • Private funds · 11 to 12
      Dec 19, 2018 to Mar 29, 2019
    • Discretionary RAUM · $278M to $236M
      Dec 19, 2018 to Mar 29, 2019
    • Non-discretionary RAUM · $812M to $751M
      Dec 19, 2018 to Mar 29, 2019
    • Pooled vehicle RAUM · $246M to $220M
      Dec 19, 2018 to Mar 29, 2019
    • RAUM · $1.1B to $987M
      Dec 19, 2018 to Mar 29, 2019
    • Assets in custody · $2.4B to $236M
      Mar 29, 2019 to Mar 29, 2019
    • Advisory employees · 5 to 4
      Mar 9, 2018 to Jun 8, 2018
    • Employees · 9 to 8
      Mar 9, 2018 to Jun 8, 2018
    • Private funds · 10 to 11
      Mar 9, 2018 to Jun 8, 2018
    • Related adviser · false to true
      Mar 9, 2018 to Jun 8, 2018
    • Related bank · false to true
      Mar 9, 2018 to Jun 8, 2018
    • Related broker-dealer · false to true
      Mar 9, 2018 to Jun 8, 2018
    • Accounts · 16 to 18
      Mar 27, 2017 to Mar 9, 2018
    • Advisory employees · 6 to 5
      Mar 27, 2017 to Mar 9, 2018
    • Charity clients · unset to 2.0
      Mar 27, 2017 to Mar 9, 2018
    • Corporate clients · unset to 3.0
      Mar 27, 2017 to Mar 9, 2018
    • Pooled vehicle clients · unset to 13.0
      Mar 27, 2017 to Mar 9, 2018
    Signals
    1 dated events
    • Meritage Capital, L.P. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jan 30, 2013 · Succession (Item 4) · fact
    Across DFX
    shared identifiers only, never a name match
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026